Posts Tagged ‘Natural Gas’

I hope we have all read the stories about Natural Gas resellers and there fraudulent practices of signing people up to a new NG provider without a signature from the home owner. “If I could see your gas bill, I can show you how to save money” Then they would write down the account # and information needed for the form to transfer you to their supply, for which you pay a premium. All this without your signature.

If the price of Natural Gas were to continue on the rise, then you could win with a fixed price. The truth is, that while prices did go up, the resellers could not afford to sell you your NG at a loss and they went out of business. The larger resellers are still around because they have contract and many homeowners are paying a premium for their NG. Based on today’s pricing at a 7 year low, the resellers are winning and the consumers are losing.

For the education of consumers, I just wanted to share the latest news, although it has been a trend for a while.

Wall Street Journal – Natural-gas futures fell to a fresh seven-year low as a glut of the fuel and tepid demand outweighed diminishing concerns about storms in the Atlantic….. marks the ninth consecutive trading day of declines in gas futures.

“We’re oversupplied, and these storms aren’t causing a disruption…….overabundance of the fuel, resulting in a market that relies less on Gulf output”

There is no way out of the contracts, Union Gas or Consumers Gas will not help you.